The prices of some products in the supermarket are falling again. However, a trade expert considers it rather unlikely that prices will fall again across the board.
Despite the recent price reductions for dairy products, trade experts do not expect food prices to relax any time soon.
“Just as the price increases in the food supply chain only became noticeable in consumer prices with a time lag, the relaxation in producer prices will only gradually become visible in food sales prices,” said the general manager of the food trade association, Franz-Martin Rausch, to the media group Bavaria.
Retail expert Robert Kecskes from the market research company GfK does not expect the price increases for food to be as high this year as they were in 2022. However, he considers it rather unlikely that prices will fall significantly again across the board, as he told the dpa. Looking at most of the price increases over the past twelve months, he said: “I suspect it won’t go away.”
The reason for the increase in food prices is the cost increase in the entire value chain – for raw materials, energy and packaging, stressed Rausch. For retailers, this not only increased the purchase prices, but also the costs for transport and logistics, for heating and cooling systems, had increased massively. Nevertheless, the trade tried to keep the increase in sales prices as low as possible.
Source: Stern
